Quotations For Mining

Price Of Gold

The Commonwealth Bank has fixed the price of gold bought in Australia at:— Pine Standard oz. .. £15/9/10 oz £14/4/- (Australian Currency).

Copra

Copra Prices During World War II The copra market was controlled by Govern ments from outbreak of war in 1939 until the end of the war in 1945. Some controls are still being exercised in the post-war period.

Fiji Local Baying Price, in Store, Fiji Currency.

From January 1, 1949, the British Ministry of Food bought Fiji copra at the above fixed price.

For each subsequent year until 1958, the price will be adjusted by negotiation.

There will be a new price from January 1, 1950.

New Hebrides From a maximum of £7O/12/6 (Aust.), per ton, in 1948, the price of New Hebrides copra firmed in mid-1949 to around £ASB per ton.

Western Samoa Samoa has a 10 years’ contract agreement with the UK Government —exporters receive £45 Samoan per ton (an additional £3 per ton being held by the Copra Board towards a Stabili sation Fund).

Territory Of Papua-New Guinea

ANGPCB Fixed Price. Delivered to Ship’s Slings or to the Board’s warehouse.

Australia agreed to sell a proportion, of P-NG’s copra production annually to the UK Ministry of Pood, for a period of nine years, at fixed prices. For 1949, the price to the UK

was £4B Stg. per ton, f.0.b., Territory ports; during 1949 planters received £4O Aust. per ton for this copra.

Rubber

During World War 11, Papua’s rubber pro duction was controlled by the Australian Govern ment.

Since price control on rubber was lifted, most Australian trading firms use the Singapore day-to-day quotations as a basis when buying Papuan rubber. The Singapore Exchange prices for four grades and average rates ruling in November were;— No. 1 RSS, baled, 45Vj2 cents lb. (15.9 and. Aust.) No. 1 RSS, loose, 45 Vz cents lb. (15.9 and. Aust.) No. 2 RSS, baled, 44V4 cents lb. (15.48 and. Aust.) No. 3 RSS, baled, 42V2 cents lb. (14.87 and. Aust.)

Quotations For Mining

Shares

June, 1942 Plantation £16 0 0 £15

Pms

0 0 July, 1942 16 12 6 15 12 6 June, 1944 19 10 0 18 0 0 October, 1944 .. .. 20 0 0 18 10 0 December, 1945 .. 19 7 6 17 17 6 January, 1946 .. .. 18 5 6 18 0 0 August, 1946 .. 23 10 6 23 5 0 February, 1947 . .. 29 15 6 29 10 0 June 9, 1947 .. 36 19 0 36 13 6 December 8, 1947 . 38 5 6 38 0 0 March 15, 1948 .. 46 5 6 46 0 0 January 1, 1949 .. 49 10 6 49 5 0

Hot-air Smoked Jan. 7, 1947 .. . £28 0 0 £27 0 0 June 17, 1947 . £31 2 0 Nov. 23, 1947 . £35 10 0 April 8. 1948 . £40- £45 January 1. 1949:— Pt. Moresby . £48 0 0 £47 7 6 Samarai .. £48 0 0 £47 7 6 Madang . .. £48 0 0 £47 7 6 Rabaul .. £48 0 0 £47 7 6 Kokopo .. £46 17 6 £46 5 0 Kavieng . .. £45 17 6 £45 5 0 Official Price for P-NG Copra sold in Sydney: Hot-air Dried Smoked January, 1947 . .. £36 10 0 £35 10 0 July. 1947 . .. .. £51 5 0 £50 5 0 April, 1948 . .. .. £61 0 0 £60 0 0 April, 1949 . .. .. £66 0 0 £65 7 6 May. 1949 . .. .. £66 10 0 £65 17 6

Fiji

Aug., 1939.

Nov. 1 Dec. 1 Emperor Mines .. b9/H bl2/10 bl3/- Loloma s25/6 b23/9 b25/3

New Guinea

Bulolo G.D bl24/bll7/6 b95/- Enterprise of N.Q. b27/6 bl5/bl5/- Guinea Gold •. .. bl3/3 S14/2 sl2/- N.G.G., Ltd bl/10 b2/4 b2/3 Placer Development b68/6 sl65/bl40/- Sandy Creek .. .. bl/5 b9d. b7y 2 d.

Sunshine Gold . .. b6/5 bll/3 sl2/-

Papua

Cuthbert’s Misima .

S16/6 b6/6 s8/- Mandated Alluvials b3/8 bl/6 bl/6 Oil Search S3/11 b5/5 b5/- Oriomo Oil b5/s3/2 b2/- Papuan Apinaipi .. b4/ll s5/7 b5/-